Certificates of Deposit (CDs)

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The longer your term, the more you'll earn.

When you have excess cash you’re looking to save, consider the growth potential of our CDs. We offer a variety of term lengths to fit your unique savings goals, and even offer a special 2-Year Investment CD that allows you to make additional deposits as often as you’d like! A BankFive CD is an ideal way for our Massachusetts and Rhode Island neighbors to build up savings for specific goals or unexpected costs. And because all of our CDs are covered by both FDIC and DIF insurance, your balances are fully protected, even above the standard FDIC limit of $250,000.

Strengthen your savings:

Traditional CDs available with a $500 minimum deposit; available in terms of 6 months, 11 months, 15 months, 1 year, 18 months, 3 years or 5 years; can be opened in-branch or online - View Rates
Our special 2-Year Investment CD is available with a $100 minimum deposit and additional deposits can be made at any time with as little as $10; can be opened in-branch or online
Additional term lengths can be opened in-branch
No monthly maintenance fees
Rates remain fixed for the full term

Add-On CDs

An add-on CD provides all the benefits of a traditional CD but also allows you to make additional deposits whenever you’d like.

Learn More

Bump-Up CDs

This unique bump up CD can help Massachusetts and Rhode Island savers earn more during the life of their CD.

Learn More

Feb 24

The assistance manager explained the CD rates and when I asked about comparison rates, he was most helpful. He said he would call me before three pm to let me know if the rate was accepted. He did call and the CD was updated.

Irene

Jan 24

no waiting time to discuss investment options such as CD rates and was processed in less that 40 minutes Great service

Dec 28

I had called the bank manager about renewing my CD. She had everything set up when I came in to sign. It only took a couple of minutes because she was so efficient. Thank you!

Carolyn

Nov 22

Very happy with the outcome, the manager was able to match a CD interest rate from another bank, made my life easier

Jorge

Jul 23

Brianna helped my son and I open two CD accounts. She went above and beyond. She was very professional, polite and friendly. I highly recommend Brianna and Bank 5 for all your bank needs. The costumer service at the Acushnet Avenue branch is the best.

Clara Cardoso

Jul 11

Very helpful and got us the best rate.

Diane

Dec 29

Got the interest rate on my new CD that was advertised

Carolyn

Oct 06

I had a great experience every one was very helpful and Scott was great to work with

Diane

Aug 31

I opened an account and had a very nice and friendly person help me.

Gilberte

Aug 31

I opened a CD account I was taken care of punctually and courteously. The transaction was handled professionally and in a comfortable environment

Antonio

Aug 25

I needed to made a cd came in and was out quick.

Stephanie

Aug 24

I opened an account at Bank 5. The manager was very professional and explained all of the rates and also the yield of the account. I have been a Bank 5 customer for years.

Scott Bike

May 20

Very helpful in opening new CD

BobS

Mar 03

Found a good bank with a CD offer I'd like. Process was easy to sign up and get started.

Charles

Dec 03

Excellent service... Helpful team.... Great rate on CD....

Dr. Ronald G. Shapiro

Nov 05

I opened a cd. They the best rates and only a 15 month term. What I liked best was I did not need to open another checking account to receive the rate.

Michael

Oct 04

Customer centered banking - a wonderful surprise when I opened my accounts after moving from another state.

Linda

Certificates of Deposit (CDs)

The longer your term, the more you'll earn.

Strengthen your savings:

Add-On CDs

Bump-Up CDs

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